US inflation data lifts global equities
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Agence France-Presse on MSNStocks mostly higher on cool US inflationUS and European stock markets mostly rose on Tuesday as cool US inflation data reassured concerns about the economy. Data released on Tuesday showed US consumer inflation cooled slightly in April even as President Donald Trump's sweeping tariffs came into force.
US consumer prices declined in April, but the full impact of tariffs may not be showing yet. TD Securities' Oscar Munoz discusses what this means for interest rates and markets.
The U.S. stock markets opened mixed due to varied investor reactions to the latest inflation figures and their potential influence on monetary policy. While inflation showed a moderate rise in April,
The S&P 500 and the Nasdaq closed higher on Tuesday for a second straight day after softer-than-expected inflation numbers added to investor optimism from Monday when the U.S. and China announced a trade truce.
US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,
U.S. stock index futures rose following a lower-than-expected inflation report, suggesting potential Federal Reserve rate cuts. Inflation rose 0.2% in April monthly and stood at 2.3% annually, under economist expectations.
Consumer Price Index: +0.2% vs. +0.3% consensus and -0.1% prior, according to data released by the Bureau of Labor Statistics on Tuesday.
US stock futures paused their rally as investors focused on a key inflation report and lingering economic concerns, even after the trade truce between the US and China.
Stocks rallied again Tuesday on easing inflation and tariff relief, pushing the S&P 500 into positive for 2025
The rally in stock futures began following high-level trade discussions in Switzerland, which US officials described as 'productive.' Dow Jones Industrial Average (YM=F) futures rose by over 400 points,
Stocks struggled for direction on Thursday while the dollar stumbled as the euphoria from market tailwinds earlier in the week fizzled out, with traders looking to U.S. data later in the day for further catalysts.